Ceasefire triggers 2,436-point rally on PSX

Positive developments on economic and geopolitical fronts on Monday fuelled a bullish run at the Pakistan Stock Exchange (PSX) which boosted investors sentiments propelling the benchmark KSE 100 index above 166,000-point barrier. Market euphoria was fuelled by a major diplomatic breakthrough — Pak­istan and Afghanistan reached an immediate ceasefire agreement following high-level negotiations in Doha. The accord, emphasising mutual res­pect for sovereignty and territorial integrity, was welcomed by investors as a sign of improving regional stability and potential economic cooperation. According to Topline Securities Ltd, the week opened on a strong note as the bulls dominated the trading floor, propelling the index to an impressive intraday gain of 2,615 points before closing at 166,242, up 2,436 points or 1.49 per cent.